HDFC Bank and Sterlite Industries accounted for more than half of the total losses, shedding US$2.15 billion from their total valuation during the week ended December 11.
HDFC’s valuation plunged by US$1.14 billion to US$18.61 billion, while that of Sterlite Industries declined by US$1.01 billion to US$15.36 billion in the last week.
Another major loser was ICICI Bank, which saw its market cap falling by US$896 million to US$20.39 billion in the week.
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